Nithin Kamath

Co-Founder & CEO, Zerodha

Search every verified Nithin Kamath interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Nithin Kamath appeared in several videos in mid-2026 discussing business risk, personal routine, and Zerodha's referral program. In a July 2026 interview, Kamath said his primary job as a founder is to think about risk, stating, "If you want to win you have to bet and if you lose all your chips you can't bet." He described a personal tipping point in 2016-17 when he moved enough money out of the business to sustain his lifestyle into a bank fixed deposit, which he said changed how he thinks about risk. Kamath also mentioned that for the last three to four years, he spends the first two hours of his day on workouts, stretching, and yoga, and that he does not have much of a social life outside of work and home. In a June 2026 video, Kamath discussed the history of Zerodha's referral program, noting that referrals were a growth lever from the company's early days and that an estimated 50-60% of customers may have come through referrals. He said the program was paused in 2024 due to SEBI regulations but was being restarted, partly because the business is "plateauing." In a May 2026 episode of a new series called "The Back Office," Kamath mentioned that Zerodha lost 50 crore rupees in one day due to a drop in gold and silver prices, and that half of the margin trading facility book is in non-FNO stocks, which he said he thinks about "quite a bit."